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 CANADA
FRANCHISE NEWS ARCHIVE
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: : Jul - Dec 2005
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Pizza Pizza generosity knocks company into red. The
founder of the Pizza Pizza restaurant chain has quietly given $20-million
to charity, delivering the news in a year-end filing that showed the
donation knocked his private company into a net loss. .... [more]
31 Dec, 2005
CoolBrands Sells its Franchise Division. CoolBrands
International Inc. today announced that its board of directors has
approved the sale of substantially all of its franchising division
to International Franchise Corp. for cash consideration of US$8 million.
.... [more]
22 Dec, 2005
Class action would take on Quiznos Sub. A proposed class-action
lawsuit alleges America's second-largest submarine sandwich chain,
Quiznos Sub, has breached Ontario franchise law. .... [more]
22 Dec, 2005
Fast food franchiser feeds job growth in North. Capitalizing
on a dream has led 44-year-old Mark Torchia of the The Torchia Group
in Timmins to build and expand 15 restaurant franchises in only 13
years, a significant contribution to the economy of northeastern Ontario.
.... [more]
20 Dec, 2005
Krispy Kreme says Canadian restructuring complete. Krispy
K Canada Co., a subsidiary, has completed buying all the assets of
bankrupt Canadian franchisee KremeKo Inc. .... [more]
20 Dec, 2005
Protecting franchisees is aim of bill introduced in legislature.
FREDERICTON - The province announced new legislation Wednesday to
ensure small investors get proper and timely information in their
dealings with large scale franchisors. .... [more]
8 Dec, 2005
Canadians expected to gobble up shares of Tim Hortons IPO.
Canadian investors are expected to feast on Tim Hortons shares after
parent company, Wendy's International Inc., yesterday announced its
long-awaited initial public offering for stock in the iconic fast-food
restaurant. .... [more]
2 Dec, 2005
Canadian Tire sells warehouses to H&R in leaseback deal.
Canadian Tire Corp. Ltd. is selling two distribution centres to H&R
Real Estate Investment Trust for $229-million in a deal that will
see the hardware merchant lease the properties back. .... [more]
30 Nov, 2005
La Senza has plans to expand next year. Encouraged by
another positive quarter, lingerie retailer La Senza Corp. said yesterday
it will expand its Canadian operations next year and rejected suggestions
about converting into an income fund. .... [more]
26 Nov, 2005
Van Houtte posts profit and announces acquisitions.
Van Houtte Inc. announced a 7.7-per-cent rise in its second-quarter
profit yesterday and said it has paid $5.8-million for three more
coffee service firms. .... [more]
19 Nov, 2005
Krispy Kreme gets court approval to buy Canadian franchisee.
Krispy Kreme Doughnuts Inc. said Monday that it has received court
approval to buy KremeKo Inc., a Canadian franchisee, in a deal valued
at $17 million. .... [more]
14 Nov, 2005
Canadian Tire in acquisitive mood. Canadian Tire Corp.
Ltd., which reported a stellar third-quarter profit, is on the prowl
for acquisitions in Canada and south of the border. .... [more]
11 Nov, 2005
Business owner makes the leap into franchising. When
Kevin Foisy opened his tanning salon 10 years ago, the prospect of
franchising his operation wasn't a consideration. .... [more]
26 Oct, 2005
Rona plans to buy up to 12 smaller rivals over two years.
Rona Inc., which is battling Home Depot Inc. for the leadership in
Canada's home-improvement market, may buy at least 12 smaller rivals
as part of a plan to double revenue in two years. .... [more]
19 Oct, 2005
M&M Meats to open as many as 225 more stores countrywide
within 6 years. M&M Meat Shops, one of the country's most
successful franchise operators, is making a big push in Quebec as
the Kitchener, Ont.-based company celebrates its 25th anniversary.
.... [more]
16 Oct, 2005
KFC eyes bird-flu threat. As international concern grows
about a potential deadly bird-flu pandemic, the income trust that
controls the largest Kentucky Fried Chicken franchisee in Canada says
it is keeping an eagle eye on the development and insists its staple
product will pose no risk. .... [more]
14 Oct, 2005
Tim Horton's Power Play. Tim Hortons may be a fast-food
institution in Canada, but the brains behind the brand have realized
the company's history north of the border has no impact on its ability
to expand to the south. .... [more]
13 Oct, 2005
Jean Coutu Group sells 30 strip mall properties in Ontario,
Quebec. The Jean Coutu Group Inc. is selling 30 strip malls
for $111.7 million and leasing back the drugstores on the properties,
the Quebec-based pharmacy operator announced Friday. .... [more]
7 Oct, 2005
CKE Restaurants, Inc. Explores Canadian Expansion. CKE
Restaurants, Inc. announced today that it has hired Parker & Associates,
one of Canada's leading marketing consulting firms specializing in
franchise development, to assist with expanding CKE's Carl's Jr. brand
into Canada. .... [more]
5 Oct, 2005
The UPS Store Opens for Business in Canada. Monday,
October 3, is the first official day of business in Canada for The
UPS Store, formerly Mail Boxes Etc., and marks the launch of a national
marketing campaign to support one of the biggest re-brands. .... [more]
3 Oct, 2005
A&W opens a second freestanding restaurant in London, Ontario.
A&W Food Services of Canada Inc. announced the opening of its
latest franchise restaurant in London, Ontario. .... [more]
30 Sep, 2005
Something to mull over a Slurpee: 7-Eleven wireless.
7-Eleven Canada Inc. will launch a wireless service in November, the
latest entrant to break into a market that has been dominated for
years by the country's telephone giants. .... [more]
29 Sep, 2005
M&M is beefing up. M&M Meat Shops are in growth
mode, planning a dozen new Alberta stores over the next five years.
.... [more]
29 Sep, 2005
RadioShack hires a dotcom veteran to oversee its Canadian launch.
RadioShack Corp. has hired Andrew Resnick as managing director of
RadioShack Canada Co., overseeing all Canadian operations, including
merchandising, marketing and advertising, human resources and the
Internet. .... [more]
28 Sep, 2005
How to win in Quebec. Tim Hortons resonates more with
Quebeckers than Starbucks, while Canadian Tire is a hit in that province
and Wal-Mart comes up wanting. Why the differences? .... [more]
27 Sep, 2005
Cold Stone to scoop into Canada. U.S.-based Cold Stone
Creamery's high-end, high-fat mix of ice cream and entertainment retailing
is coming to Canada. .... [more]
22 Sep, 2005
Redberry Resto acquires 40 Pizza Huts in Quebec. Redberry
Resto Brands has acquired 40 Quebec Pizza Hut restaurants and become
the chain’s master franchisee province-wide. .... [more]
21 Sep, 2005
Housewives Desperate For New 1-800-GOT-JUNK? Contest.
Today 1-800-GOT-JUNK? announced the launch of an online contest to
name the 'hunkiest' employees of the company's nearly 200 Franchise
Partner locations across North America. .... [more]
21 Sep, 2005
Forzani gets back on track for turnaround. After several
difficult years, Forzani Group Ltd. has finally scored a win as Canada's
largest sporting goods retailer races to revamp its stores, merchandise
and marketing. .... [more]
21 Sep, 2005
Couche-Tard beefs up with New Mexico deal. Alimentation
Couche-Tard Inc.'s U.S. growth strategy got a boost yesterday with
the announcement of a deal to buy 16 convenience stores in New Mexico.
.... [more]
13 Sep, 2005
M&M hungering for bigger bite of the retail pie.
M&M Meat Shops Ltd. is turning up the heat on its marketing efforts
this year as it prepares to enter downtown cities and smaller rural
areas in a bid to expand beyond its core suburban base. .... [more]
12 Sep, 2005
Krispy Kreme thinks it can salvage six stores in Canada.
Krispy Kreme's once highflying Canadian operations have shrivelled
down to a half dozen doughnut stores since entering bankruptcy protection,
but its management now says no more closures are necessary. .... [more]
6 Sep, 2005
Van Houtte brews up plan to expand into Mac's chain.
Gourmet coffee company Van Houtte Inc. says it's moving aggressively
to grab a bigger chunk of the North American convenience store market,
including a deal to install self-service bars in 500 Mac's stores
in Ontario. .... [more]
1 Sep, 2005
Revamping, markdowns leave Forzani in the red. Forzani
Group Ltd., Canada's largest sporting goods retailer, yesterday reported
its second consecutive quarterly loss, spewing $2.3-million in red
ink after marking down merchandise and overhauling stores in a bid
to turn around the ailing company. .... [more]
1 Sep, 2005
La Senza moves out of the red; discourages trust talk.
Lingerie retailer La Senza Corp.'s improving performance is swelling
the company's coffers, but the time is not right - and may never be
- for conversion to an income trust. .... [more]
26 Aug, 2005
Over 75 Quiznos Sub franchises awarded in Quebec. Quiznos
Sub is having the time of its life in Quebec where it has awarded
more than 75 franchises for development. .... [more]
24 Aug, 2005
Mail Boxes Etc. hopes UPS rebranding delivers. In a
bid to draw more customers, Mail Boxes Etc. Canada will rename its
276 stores under the United Parcel Service Inc. banner starting this
fall, borrowing the name of its well-known parent courier company.
.... [more]
23 Aug, 2005
Aaron Rents gets financing for Canadian expansion. Aaron
Rents Inc. has struck a deal with Canada's largest bank to provide
inventory financing for the company's increasing number of Canadian
franchisees. .... [more]
16 Aug, 2005
Rona eyeing expansion into the U.S. Rona Inc., the largest
Canadian distributor of hardware, home renovation and gardening products,
is not ruling out the possibility of expansion into the United States
if the right opportunity comes along. .... [more]
11 Aug, 2005
Canadian Tire's second-quarter earnings up 14.1% Canadian
Tire, a dominant player in hardware, automotive and recreational products
retailing, says its second-quarter profit rose 14.1 per cent to $92.2
million with strong sales and cost controls. .... [more]
11 Aug, 2005
Jean Coutu closing 78 more U.S. Eckerd pharmacies as it rebuilds
brand. The Jean Coutu Group said Wednesday it will close 78
money-losing Eckerd outlets in the United States as it continues to
reshape the brand. .... [more]
3 Aug, 2005
Ikea to reduce prices 17% Retailer Ikea is slashing
prices by 17 per cent amid fierce competition in the booming home
furnishings sector. .... [more]
26 Jul, 2005
RadioShack Names Andrew Resnick as Managing Director.
RadioShack Corporation today announced that Andrew Resnick, 48, has
been named Managing Director of the company's subsidiary, RadioShack
Canada Company. .... [more]
21 Jul, 2005
Shoppers Drug Mart posts higher Q2 profit. Shoppers
Drug Mart Corp.'s second-quarter profits jumped more than 16 per cent
as the retailer tallied higher sales right across the country. ....
[more]
19 Jul, 2005
Second Cup sips on Edmonton. Canada's Second Cup is
testing its new convenience card program right here in River City.
.... [more]
10 Jul, 2005
Pizza Delight to acquire Quebec-based Scores BBQ-ribs eateries
for $32M. Pizza Delight Corp. Ltd. has inked a deal to buy
Scores Rotisserie BBQ and Ribs Inc., a Quebec-based restaurant chain,
for about $32 million in cash. .... [more]
7 Jul, 2005
Pizza Pizza Royalty units start trading following fund's $168.3-million
IPO. Units of Pizza Pizza Royalty Income Fund began trading
on the Toronto Stock Exchange Wednesday, after the company completed
its $168.3 million initial public offering. .... [more]
6 Jul, 2005
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